News
Singapore to invest S$180m for AI research
Singapore to invest S$180m for AI research
Heng kicked off the SFF 2021 and announced two new national AI programmes.
Eight Singapore banks to participate in new eGIRO launch
The digitisation initiative aims to cut down the old GIRO process from weeks to minutes.
HKSTP unveils R&D environment for testing fintech innovations
Banks and tech firms can use Fintech Virtual Lab to build and test innovations.
DBS’ net profits jump 31% to $1.7b in Q3
The non-performing loans rate remained unchanged at 1.5% during the quarter.
OCBC allows real-time digital purchase of gold, silver
Over $1m and 3,698oz of precious metals have been purchased through the app.
HSBC invests $2b to be a ‘digital first’ bank
Part of that investment means partnering with more fintechs to create digital banking products.
OCBC’s net profits up 19% to S$1.22b in Q3
Net trade income plunged 67%, slightly offset by stronger net fees and commissions.
UOB Q3 profit leaps 57% to S$1.05b
Net profit also saw a rise of 4% QoQ.
Westpac capital position to remain strong following A$3.5b buyback
Westpac is one of Australia’s four major lenders.
Singapore’s SMBs adapt as more consumers seek contactless payments
Nearly four in five Singaporeans expect to use contactless payments, the highest in the world.
DBS rolls out one-stop sustainability-focused platform
The bank will also launch an autonomous carbon calculator service under LiveBetter.
Citi names global head of D10X under institutional clients group
The D10X focuses on the development of new solutions for Citi's institutional clients.
FSI Conference 2021 features discourse on digital transformation in the banking and finance industry and an exclusive presentation from Bain & Company
This two-hour digital conference will happen on 1 December 2021.
Hitachi Vantara spearheads virtual roundtable in modern DataOps
Hitachi’s Chief Solution Architect Seng Joo, Lim will open the first speaking session.
Standard Chartered partners with Kredivo to offer BNPL in Indonesia
Assets of fintech players in the country grew by more than IDR1t or by over $70m.
HSBC Singapore extends S$6m green loan to Durapower Group
Durapower will use the loan for its lithium-ion energy storage solutions.
Weekly Global News Wrap: UBS posts best quarterly profits in six years; Italy’s Monte dei Paschi rescue deal collapses
And Citigroup warns of charges related to the closing of S. Korea consumer business.
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